Russell Ductile Casting Premises

Dawes Lane, Scunthorpe, North Lincolnshire, DN15 6UW

Russell Ductile Casting Premises
Dawes Lane
Scunthorpe
North Lincolnshire, DN15 6UW

Share Property
  • Investment
  • For Sale £1,250,000
  • 83,829 sq ft (7,788 sq m)

The property comprises of an industrial manufacturing complex arranged across a number of buildings. The premises are generally of steel frame construction surmounted by pitched clad roofs and mixed brick/block and clad elevations with varying eaves heights up to 12.9m approx. There is also a two-storey office and amenity block together with two main foundry areas, Nissen Hut, fettling shop, various stores and further office/staff accommodation together with a surfaced yard/car park to the front elevation.

The property benefits from a 4MVA electricity supply and fitted lighting. Certain buildings also contain overhead craneage. The site is irregular in shape and benefits from a security controlled entry barrier.

  • Substantial industrial complex of 7,790.41 sq m (83,829 sq ft) approx.
  • Well established industrial location close to the Steelworks.
  • Low rent of £125,000 pax (£1.49/sqft overall).
  • New 10 year FRI lease with 5 year rent review to be entered into.
  • Net initial Yield of 10.61% allowing for purchaser's costs of 5.75%.

Contact

Duncan Willey BSc (Hons) MRICS Divisional Director
Duncan Willey
Duncan Willey
Sam Fallowfield BSc (Hons) Surveyor
Sam Fallowfield
Sam Fallowfield

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Want to find out more? Call us on Hessle 01482 648888 Doncaster 01302 341041 Scunthorpe 01724 282278 Grimsby 01472 267513

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